SOURCES INC. ("ASW")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the third extension in the expiry
date of the following warrants:
Private Placement:
No. of Warrants: 2,450,000
Original Expiry Date of Warrants: April 30, 2008, extended to
October 31, 2008 and April 30, 2009
New Expiry Date of Warrants: October 31, 2009
Exercise Price of Warrants: $0.20
These warrants were issued pursuant to a private placement of 5,000,000
shares with 2,500,000 share purchase warrants attached, which was accepted for
filing by the Exchange effective May 22, 2007.
TSX-X
--------------------------------
ARIAN SILVER CORPORATION LTD. ("AGQ")
BULLETIN TYPE: Warrant Term Extensions, Warrant Price Amendments
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of
the following warrants:
Private Placement:
No. of Warrants: 6,046,000
Expiry Date of Warrants: November 28, 2009
Original Exercise Price of Warrants: $0.35
New Exercise Price of Warrants: $0.07 with respect to 3,023,000
warrants
Forced Exercise Provision: If the closing price for the
Company's shares is $0.0875 or
greater for a period of 10
consecutive trading days, then the
warrant holders will have 30 days to
exercise their warrants; otherwise
the warrants will expire on the
31st day.
These warrants were issued pursuant to a private placement of 12,092,000
shares with 6,046,000 share purchase warrants attached, which was accepted for
filing by the Exchange effective June 19, 2008.
Private Placement:
No. of Warrants: 2,727,250
Original Expiry Date of Warrants: August 1, 2009
New Expiry Date of Warrants: December 1, 2009 with respect to
1,363,625 warrants
Original Exercise Price of Warrants: $0.65
New Exercise Price of Warrants: $0.10 with respect to 1,363,625
warrants
Forced Exercise Provision: If the closing price for the
Company's shares is $0.125 or
greater for a period of 10
consecutive trading days, then the
warrant holders will have 30 days to
exercise their warrants; otherwise
the warrants will expire on the
31st day.
These warrants were issued pursuant to a private placement of 5,454,500
shares with 2,727,250 share purchase warrants attached, which was accepted for
filing by the Exchange effective February 1, 2008.
TSX-X
--------------------------------
ASIA BIO-CHEM GROUP CORP. ("ABC")
(formerly Parran Capital Inc. ("PRN.P"))
BULLETIN TYPE: Name Change and Consolidation, Declaration of Dividend,
Qualifying Transaction-Completed/New Symbol, Private Placement-Brokered,
Reinstated for Trading, Correction
BULLETIN DATE: April 22, 2009
TSX Venture Tier 1 Company
CORRECTION:
Further to the TSX Venture Exchange Bulletin dated June 25, 2008, the
Bulletin should have included Company Tier Reclassification. In accordance
with Policy 2.5, the Company has met the requirements for a Tier 1 Company.
Therefore, effective June 26, 2008, the Company's Tier classification should
have been changed from Tier 2 to Tier 1 Company.
TSX-X
--------------------------------
BACTECH MINING CORPORATION ("BM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced March 16, 2009:
Number of Shares: 18,750,000 shares
Purchase Price: $0.04 per share
Warrants: 18,750,000 share purchase warrants to purchase
18,750,000 shares
Warrant Exercise Price: $0.07 in the first year
$0.10 in the second year
Number of Placees: 14 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Brian Kaufman P 125,000
Louis Nagy Y 250,000
Finder's Fee: An aggregate of $12,000 and 1,426,667 finders'
warrants payable to Jones Gable &amp; Company
Limited, Haywood Securities Inc., Massif Limited
and Element &amp; Associates. Each finder's warrant
is exercisable into one common share at a price
of $0.06 for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has
issued a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). Note that in certain
circumstances the Exchange may later extend the expiry date of the warrants,
if they are less than the maximum permitted term.
TSX-X
--------------------------------
BERKELEY CAPITAL CORP. II ("BIZ.P")
BULLETIN TYPE: Halt
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
Effective at the open, April 22, 2009, trading in the shares of the
Company was halted at the request of the Company, pending an announcement;
this regulatory halt is imposed by Investment Industry Regulatory Organization
of Canada, the Market Regulator of the Exchange pursuant to the provisions of
Section 10.9(1) of the Universal Market Integrity Rules.
TSX-X
--------------------------------
BERKELEY CAPITAL CORP. II ("BIZ.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated April 22, 2009, effective
at 6:11 a.m. PST, April 22, 2009 trading in the shares of the Company will
remain halted pending receipt and review of acceptable documentation regarding
the Qualifying Transaction pursuant to Listings Policy 2.4.
TSX-X
--------------------------------
CAERUS RE

SOURCE CORPORATION ("CA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
the first tranche of a Non-Brokered Private Placement announced March 10,
2009, March 24, 2009 and April 21, 2009:
Number of Shares: 2,400,000 shares
Purchase Price: $0.10 per share
Warrants: 2,400,000 share purchase warrants to purchase
2,400,000 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 11 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Arthur Darryl Y 100,000
Kerry Chow P 200,000
Kerry Chow P 100,000
Roberto Chu P 50,000
Jon Lehmann Y 200,000
Wayne Johnstone Y 100,000
Finder's Fee: PI Financial Corp. will receive a 10% cash
finder's fee in the amount of $15,000 and 10% in
Agent's Warrants that are exercisable into
150,000 common shares at $0.15 per share for a
two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.
TSX-X
--------------------------------
CONSOLIDATED SPIRE VENTURES LTD. ("CZS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced January 23, 2009:
Second Tranche:
Number of Shares: 4,700,000 shares
Purchase Price: $0.03 per share
Warrants: 4,700,000 share purchase warrants to purchase
4,700,000 shares
Warrant Exercise Price: $0.05 in the first year
$0.10 in the second year
Number of Placees: 16 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
R. Brian Buchanan Y 500,000
Kerry Chow P 300,000
Jacqueline Chow P 400,000
Roberto D. Chu P 150,000
Finder's Fee: $9,600 cash and (*)320,000 warrants payable to
PI Financial Corp.
- Finder's fee warrants are exercisable at $0.05
per share for one year.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.
TSX-X
--------------------------------
DONNER METALS LTD. ("DON")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced March 16, 2009:
Number of Shares: 2,295,500 flow-through shares
3,103,000 non flow-through shares
Purchase Price: $0.19 per flow-through share
$0.15 per non flow-through share
Warrants: 4,193,250 share purchase warrants to purchase
4,193,250 shares
Warrant Exercise Price: $0.25 for a two year period
Number of Placees: 14 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Ioannis John
Karagiannidis P 65,000
Pierre Colas P 50,000
Finders' Fees: $20,984.70 cash and 17,010 warrants payable to
Canaccord Capital Corporation
$24,111 cash and 126,900 warrants payable to
Industrial Alliance Securities Inc.
$9,000 cash and 180,000 warrants payable to
Valoro Capital Group AG (Ronald Knuz)
- The finders' fee warrants are exercisable at
$0.25 per share for one year.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.
TSX-X
--------------------------------
DUMONT NICKEL INC. ("DNI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 22, 2009
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the documentation with
respect to a Non-Brokered Private Placement announced on March 10, 2009:
Number of Shares: 20,000,000 common shares
Purchase Price: $0.01 per common share
Warrants: 20,000,000 warrants to purchase 20,000,000
common shares.
Warrant Exercise Price: $0.05 for a period of 12 months following the
closing of the private placement.
Insider/Pro Group Participation:
Insider equals Y/
Name Pro Group equals P Number of Shares
Denis A. Clement Y 1,000,000
Shahé F. Sabag Y 500,000
Colin Grant Y 250,000
The Company confirmed the closing of the above-mentioned private placement
by way of press releases issued April 1, 2009 and April 15, 2009.
DUMONT NICKEL INC. ("DNI")
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 22 avril 2009
Société du groupe 1 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation en vertu
d'un placement privé sans l'entremise d'un courtier, tel qu'annoncé le 10 mars
2009 :
Nombre d'actions : 20 000 000 d'actions ordinaires
Prix : 0,01 $ par action ordinaire
Bons de souscription : 20 000 000 bons de souscription permettant de
souscrire à 20 000 000 d'actions ordinaires.
Prix d'exercice des bons : 0,05 $ pour une période de 12 mois suivant la
date de clôture du placement privé.
Participation des initiés/Groupe Pro :
Initié égale Y/
Nom Groupe Pro égale P Nombre d'actions
Denis A. Clement Y 1 000 000
Shahé F. Sabag Y 500 000
Colin Grant Y 250 000
La société a confirmé la clôture du placement privé précité par voie de
communiqués de presse émis les 1er avril et 15 avril 2009.
TSX-X
--------------------------------
ENPAR TECHNOLOGIES INC. ("ENP")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has been advised by the Company that pursuant to a
Notice of Intention to make a Normal Course Issuer Bid dated April 21, 2009,
it may repurchase for cancellation, up to 2,704,600 shares in its own capital
stock. The purchases are to be made through the facilities of TSX Venture
Exchange during the period April 27, 2009 to April 26, 2010. Purchases
pursuant to the bid will be made by Foster and Associates on behalf of the
Company.
TSX-X
--------------------------------
HUMBOLDT CAPITAL CORPORATION ("HMB")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: April 22, 2009
TSX Venture Tier 1 Company
The Issuer has declared the following special cash dividend:
Dividend per Common Share: $0.25
Payable Date: May 14, 2009
Record Date: April 30, 2009
Ex-Dividend Date: April 28, 2009
TSX-X
--------------------------------
ICIENA VENTURES INC. ("IIE")
BULLETIN TYPE: Consolidation
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
Pursuant to an ordinary resolution passed by shareholders October 17,
2008, the Company has consolidated its capital on a 3 old for 1 new basis. The
name of the Company has not been changed.
Effective at the opening Thursday, April 23, 2009 shares of Iciena
Ventures Inc. will commence trading on TSX Venture Exchange on a consolidated
basis. The Company is classified as a 'Gold and Diamond Exploration' company.
Post - Consolidation
Capitalization: Unlimited shares with no par value of which
36,366,747 shares are issued and outstanding
Escrow: 0 shares are subject to escrow
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: IIE (unchanged)
CUSIP Number: 45103Y 20 5 (new)
TSX-X
--------------------------------
MPH VENTURES CORP. ("MPS")
BULLETIN TYPE: Warrant Term Extension, Warrant Price Amendment
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the reduction in the exercise price
and the extension in the expiry date of the following warrants:
Private Placement:
No. of Warrants: 4,575,000
Original Expiry Date of Warrants: May 9, 2009
New Expiry Date of Warrants: May 9, 2012
Forced Exercise Provision: If the closing price for the
Company's shares is $0.125 or
greater for a period of 10
consecutive trading days, then the
warrant holders will have 30 days to
exercise their warrants; otherwise
the warrants will expire on the
31st day.
Original Exercise Price of Warrants: $0.27
New Exercise Price of Warrants: $0.10
These warrants were issued pursuant to a private placement of 5,000,000
shares with 5,000,000 share purchase warrants attached, which was accepted for
filing by the Exchange effective May 3, 2007 and amended May 7, 2007.
There are an additional 329,450 warrants outstanding which expiry date is
also extended to May 9, 2012, but which exercise price will remain at $0.27.
These warrants are comprised of 275,000 warrants issued to Insiders and 54,450
finder's fee warrants.
TSX-X
--------------------------------
NAYARIT GOLD INC. ("NYG")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced March 5, 2009:
Number of Shares: 20,000,000 shares
Purchase Price: $0.50 per share
Warrants: 10,000,000 share purchase warrants to purchase
10,000,000 shares
Warrant Exercise Price: $0.65 for a two year period
Number of Placees: 18 placees
Agent's Fee: an aggregate of $700,000, plus 1,400,000 Agent's
Warrants (each exercisable into 1 common share
and one half of one warrant at a price of $0.50
for a period of 2 years), payable to Jennings
Capital Inc., BMO Nesbitt Burns Inc. and
Wolverton Securities Inc.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has
issued a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). Note that in certain
circumstances the Exchange may later extend the expiry date of the warrants,
if they are less than the maximum permitted term.
TSX-X
--------------------------------
NEW NADINA EXPLORATIONS LIMITED ("NNA")
BULLETIN TYPE: Private Placement-Non-Brokered, Correction
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated April 21, 2009, the
following information is corrected and it is confirmed that the shares issued
pursuant to the private placement are non flow-through shares:
Number of Shares: 4,144,000 shares
TSX-X
--------------------------------
NXA INC. ("NXI")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue 24,577,802 shares to settle outstanding debt for CDN$580,754.
Number of Creditors: 6 Creditors
Insider/Pro Group Participation:
Deemed
Insider equals Y/ Amount Price No. of
Creditor Progroup equals P Owing per Share Shares
Robert J. Metcalfe Y $83,666 $0.05 1,673,315
Charles J. Lilly Y $41,666 $0.05 833,315
Perry N. Dellelce Y $11,666 $0.05 233,317
Chris G. Tambakis Y $11,666 $0.05 233,317
The Company shall issue a news release when the shares are issued and the
debt extinguished.
TSX-X
--------------------------------
PACIFIC TOPAZ RE

SOURCES LTD. ("PPZ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced February 13, 2009:
Number of Shares: 19,300,000 shares (of which 2,500,000 have flow
through features)
Purchase Price: $0.04 per share
Warrants: 19,300,000 share purchase warrants to purchase
19,300,000 shares
Warrant Exercise Price: $0.10 for a five year period
Number of Placees: 8 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Goldmaster Resources
Ltd. (Luis Botto) Y 6,500,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.
TSX-X
--------------------------------
PARKLAND ENERGY SERVICES INC. ("PKE")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated March 20, 2009,
effective at the opening Thursday, April 23, 2009, trading in the shares of
the Company will resume as the Company has now met the Exchange requirement of
having at least three directors per Policy 3.1. Please refer to the Company's
press release dated April 21, 2009, for further information.
TSX-X
--------------------------------
PORTIA EXPLORATION LTD. ("PEL.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated April 21, 2009, effective
at the open, April 22, 2009 trading in the shares of the Company will remain
halted pending receipt and review of acceptable documentation regarding the
Qualifying Transaction pursuant to Listings Policy 2.4.
TSX-X
--------------------------------
QUIZAM MEDIA CORPORATION ("QQ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced April 21, 2009:
Number of Shares: 2,000,000 shares
Purchase Price: $0.14 per share
Warrants: 2,000,000 share purchase warrants to purchase
2,000,000 shares
Warrant Exercise Price: $0.45 for the first 6 months
$0.65 for the next 6 months
Number of Placees: 25 placees
Insider/Pro Group Participation: N/A
Finder's Fee: 10% in shares based on the proceeds raised by
each payable to Annie Parent (93,072), Pierrette
Delrue (28,571) and Sylvain Dostie (78,357).
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.
TSX-X
--------------------------------
REPEATSEAT LTD. ("RPS")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
Effective at 10:15 a.m. PST, April 22, 2009, shares of the Company resumed
trading, an announcement having been made over Marketwire.
TSX-X
--------------------------------
RESOLVE VENTURES INC. ("RSV")
BULLETIN TYPE: Consolidation
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders November 19, 2008, the
Company has consolidated its capital on a 10 (ten) old for 1 (one) new basis.
The name of the Company has not been changed.
Effective at the opening Thursday, April 23, 2009, common shares of
Resolve Ventures Inc. will commence trading on TSX Venture Exchange on a
consolidated basis. The Company is classified as a 'Mining Exploration and
Development' company.
Post - Consolidation
Capitalization: Unlimited shares with no par value of which
1,939,930 shares are issued and outstanding
Escrow: Nil shares are subject to escrow
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: RSV (unchanged)
CUSIP Number: 76117A305 (new)
TSX-X
--------------------------------
SOLITAIRE MINERALS CORP. ("SLT")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
Further to the bulletin dated December 7, 2007, TSX Venture Exchange has
accepted for expedited filing documentation pertaining to an Amendment
Agreement dated April 14, 2009 which amends the terms of a Mineral Property
Option Agreement dated November 30, 2007 made between Solitaire Minerals Corp.
(the 'Company') and the vendor, Raytec Metals Corp. pursuant to which the
Company now has the option to acquire a 100% interest in 3 mineral claims
totaling 14,415 hectares, known as the D block of claims and 7 mineral claims
totaling 3,913 hectares, known as the C block of claims, both located in the
Key Lake area of the Athabasca Basin. In consideration, the Company will issue
an additional 1,000,000 shares.
TSX-X
--------------------------------
SONOR INVESTMENTS LIMITED ("SNI.PR.A")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: April 22, 2009
TSX Venture Tier 1 Company
The Issuer has declared the following dividend:
Dividend per 1st Preference Share: $0.225
Payable Date: September 15, 2009
Record Date: September 1, 2009
Ex-Dividend Date: August 28, 2009
TSX-X
--------------------------------
THE FUTURA LOYALTY GROUP INC. ("FUT")
BULLETIN TYPE: Shares for Bonuses, Amendment
BULLETIN DATE: April 22, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing certain
amendments to previously accepted loans as described below:
Amendment No. 1:
Further to the Exchange bulletin dated April 3, 2008, the Exchange has
accepted for filing amended and restated promissory notes dated March 31,
2009, between The Futura Loyalty Group Inc. (the "Company"), Stone Real
Properties Limited, Master Plan Investments Limited, Whitehorn Investments
Limited, Samlev Investments Limited, Felicia Ross (now assigned to Victoria
Ross), and Belweather Capital Partners Inc.(collectively, the "Lenders"),
pursuant to which the Lenders have provided a loan in the aggregate amount of
$500,000, bearing interest at a rate of 12% per annum. The loan has been
amended whereby the maturity date of the loan has been extended to June 30,
2011 from June 10, 2009. The Lenders will receive an aggregate of 2,000,000
shares for the extension.
Amendment No. 2:
Further to the Exchange bulletin dated December 12, 2007, the Exchange has
accepted for filing amended and restated promissory notes dated March 31,
2009, between The Futura Loyalty Group Inc. (the "Company"), Belweather
Capital Partners Inc., Felicia Ross (now assigned to Victoria Ross), and
Northern Rivers Innovation Fund (now assigned to Felicia Ross) (collectively,
the "Lenders"), pursuant to which the Lenders have provided a loan in the
aggregate of $850,000, bearing interest at a rate of 12% per annum. The loan
has been amended whereby the maturity date of the loan has been extended to
June 30, 2011 from June 10, 2009. The Lenders will receive an aggregate of
3,400,000 shares for the extension.
TSX-X
--------------------------------
NEX COMPANIES
BUTLER RE